Bank Report Cards: Top 10 Roll Call for 2010

Ever wonder what are the top banks operating in the U.S.?  The rankings below are conducted on based on the FDIC data from all the insured banks currently operating in the country.  We consider each bank individually based on its FDIC Certificate ID, so there might be more than one bank on each list that belong to the same bank holding company.  The data used is current as of December 31, 2009.

TOP 10 BY TOTAL ASSET
This list is a ranking of banks via their total asset.  
  1. JPMorgan Chase Bank, National Association ($1,627,484,000,000)
  2. Bank of America, National Association ($1,465,221,449,000)
  3. Citibank, National Association ($1,161,361,000,000)
  4. Wells Fargo Bank, National Association ($608,778,000,000)
  5. Wachovia Bank, National Association ($510,083,000,000)
  6. U.S. Bank National Association ($276,376,130,000)
  7. PNC Bank, National Association ($260,309,849,000)
  8. HSBC Bank USA, National Association ($167,165,244,000)
  9. SunTrust Bank ($164,340,844,000)
  10. The Bank of New York Mellon ($164,275,000,000)

TOP 10 BY NORMALIZED NET INCOME1
This list ranks the banks by their normalized net income.  This measurement neutralizes the effect of the bank's size on its nominal net income, so that the Bank of America, National Association will be put up on the same scale as the California Community Bank.
  1. OneWest Bank, FSB (6.75%)
  2. Capital One Bank, USA (2.84%)
  3. BankUnited (1.72%)
  4. First Hawaiian Bank (1.68%)
  5. MetLife Bank, National Association (1.57%)
  6. Bank of Oklahoma, National Association (1.33%)
  7. Wells Fargo Bank, National Association (1.29%)
  8. Bank of Hawaii (1.17%)
  9. The Frost National Bank (1.15%)
  10. New York community Bank (1.01%)

TOP 10 BY DELINQUENT ASSET CONCENTRATION1
This list captures the top 10 banks with the highest delinquent asset concentration.  This measurement neutralizes the effect of the bank's size on its nominal delinquent asset, so that the Bank of America, National Association will be put up on the same scale as the California Community Bank.
  1. MidFirst Bank (23.50%)
  2. FIA Card Services, National Association (5.67%)
  3. Chase Bank USA, National Association (5.52%)
  4. Barclays Bank Delaware (5.43%)
  5. Wells Fargo Bank, National Association (5.39%)
  6. Wells Fargo Bank South Central, National Association (4.91%)
  7. Wells Fargo Bank Northwest, National Association (4.90%)
  8. Citicorp Trust Bank, FSB (4.75%)
  9. Banco Popular North America (4.59%)
  10. Wachovia Bank, National Association (4.30%)

TOP 10 BY ASSET:LIABILITY RATIO1,2
Logically, when a bank's liabilities exceed its assets, the bank is insolvent.  It is observed that the FDIC starts to take action against banks even before they become totally insolvent.  This list is a ranking of the top 10 banks in the U.S. (of the 100 largest) by their Asset:Liability Ratio.
  1. Compass Bank (123.92%)
  2. First Hawaiian Bank (122.99%)
  3. Capital One, National Association (122.57%)
  4. Amegy Bank National Association (121.57%)
  5. TD Bank, National Association (119.14%)
  6. People's United Bank (118.44%)
  7. OneWest Bank, FSB (118.06%)
  8. Bank of the West (117.52%)
  9. Fifth Third Bank (116.90%)
  10. Susquehanna Bank (116.73%)

TOP 10 BY REAL ESTATE ASSET CONCENTRATION1
With the current financial turbulence fueled by real estate backed securities and the falling real estate prices, real estate loans are considered very risky.  This list of banks are the top 10 by their asset concentrations in real estate loans.
  1. Bank of America Oregon, National Association (93.22%)
  2. Bank of America, California, National Association (91.22%)
  3. Bank of America, Rhode Island, National Association (89.99%)
  4. Third Federal Savings and Loan Association of Cleveland (88.01%)
  5. Citicorp Trust Bank, FSB (83.12%)
  6. Wells Fargo Bank South Central, National Association (81.15%)
  7. Astoria Federal Savings and Loan Association (78.00%)
  8. MidFirst Bank (71.58%)
  9. Washington Federal Savings and Loan Association (68.91%)
  10. Northern Trust, National Association (68.66%)


Notes:
1. In order to achieve greater relevance in the research result, we restrict ourselves to the 100 largest banks in the nation for this Top 10 List.
2. We only considered the banks that offer traditional banking services such as checking and savings accounts.